Question
The balance sheet for Oasis, Inc. is shown here in market value terms. There are 30,000 shares of stock outstanding. Market Value Balance Cash $365,000
The balance sheet for Oasis, Inc. is shown here in market value terms. There are 30,000 shares of stock outstanding.
| Market Value Balance | |||
| Cash | $365,000 | ||
| Fixed Assets | $780,000 | Equity | $1,145,000 |
| Total | $1,145,000 | Total | $1,145,000 |
The company has announced it is going to repurchase $40,000 worth of stock. What will the price per share be after the repurchase?
Please show work! Thanks!
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Investment Management
Authors: Stephen Lofthouse
2nd Edition
047149237X, 9780471492375
